This is a sample entry from Drew Rathgeber’s newsletter, The Rath Overlay, published on Friday, January 6, 2017.
In The Markets
Emini S&P – ESH6 (Mar ’17)
Still trading at the top of a short-term channel created starting from Dec. 13th surprisingly holding based speculation of what Trump will do.
Gold – GGCZ6 (Feb ‘17)
Gold looked poised to breakout and turn momentum up, only to fail last night however still holding without a huge sell-off. If this area does hold previous low of $1,050.00 then $1,124.00 would create a higher low.
Soybeans – ZSF7 (Mar ‘17)
Beans have created a fresh bearish cross on the daily charts signaling possibly more downside.
Crude Oil WTI – GCLG6 (Feb ’17)
Crude Oil had a nice inventory draw this week of -7.43M barrels with a consensus of a build +4.20M barrels which in reality is 11.63M barrels difference off their expectation taking crude off its lows and now trading at the top of its range.
T-Bonds – ZBZ6 (Mar ’17)
Bonds did re-test the 150-00 area only to go 2 pts. higher then trade over 152-24 at the top of its range working on a momentum play for slightly higher price then eventual back down to stay within its weekly downward trend.
U.S. Dollar – DX-MZ6 (Mar ’17)
USD made a nice pullback in the last 3 trading days and currently sitting on support in a well-defined up trend. It will most likely take some type of ‘event’ or ‘news’ to break this uptrend.
Open Trades
(S) OSIU7 C22.00 Option Call Dec. 23rd Open P/L: -395.00
No working orders as of right now.
The Week Ahead
- 1/10 – JOLTS 10:00AM ET
- 1/11 – EIA Petro Report 10:30AM ET
- 1/12 – Jobless Claims 8:30AM ET
- 1/12 – EIA Nat Gas 10:30AM ET
- 1/13 – Consumer Sentiment 10:00AM
Subscribe to The Rath Overlay
The Rath Overlay - Authored by senior broker, Drew Rathgeber, The Rath Overlay uses timeless methods to clearly identify market opportunities and guides the confident execution of your focused trading plan.
Risk Disclosure
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.
